Market rallies as RBI relief, oil drop lift investor sentiment
The Indian stock market rebounded strongly on June 20, with Sensex gaining 1,046 points to close at 82,408 and Nifty 50 rising 1.29% to 25,112. The surge was largely driven by the Reserve Bank of India easing provisioning norms for under-construction infrastructure, renewed foreign investor inflows, and a decline in crude oil prices, all of which significantly boosted market confidence.